Oil & Gas
Indonesia Abadi fLNG to learn from Australia Prelude In one way, INPEX Corporation Ltd acquired 17.5% participating interest in the Prelude Floating LNG (FLNG) Project from Shell Development (Australia) proprietary Ltd in order to get the experience to develop the Abadi LNG Project in Masela Block. In the other way, Shell in December 2011 acquired […]
Petronas and Murphy Oil go for FEED on Sarawak fLNG In June, Petronas from Malaysia will qualify only two consortia out of the four pre-qualified groups that have responded to a Call for Tender for a 1.5 million t/y floating liquefied natural gas (fLNG) vessel. The Sarawak fLNG project is to go for exploration & […]
Definition LNG is the acronym of Liquefied Natural Gas. The Natural Gas is Methane. The operation of Liquefaction is made by the compression of the gas at moderate pressure and cooling at the cryogenic temperature of – 160°C. LNG is a clear, colourless, non-toxic liquid. The volume of the LNG is 1/600th of its volume as […]
A good option for ExxonMobil/BHP and Woodside ExxonMobil‘s affiliate Esso Australia Resources Pty Ltd is the operator of the Scarborough gas field, a 50/50 joint venture with BHP Billiton. The Scarborough field is one of the most remote of the Carnarvon Basin gas resources and the development remains challenging due to location in 900 metres […]
Shell proposes $1.8 billion cash to acquire Cove Since Shell and PTTEP from Thailand were competing to take over Cove Energy (Cove), Shell had made a first offer based on $0.195 per share, representing $1.57 billion capital expenditure for the acquisition. Then PTTEP submitted a $1.78 billion cash counter offer valued on $0.220 per share. Then Shell came back with a proposal based on $1.8 […]
Definition GTL is the acronym of Gas-To-Liquid and refers to the process to convert gas into liquid fuels such as diesel and fuels components such as very high added value synthetic greases and lubricants. Comments Historically the GTL process is based on the Fischer-Tropsch principle invented in 1920 to convert coal, gas or biomass into […]
$4 billion Louisiana Ethylene Cracker: On going Feasibility Study The South African energy and chemicals major Sasol’s board of directors has approved a feasibility study for a possible ethylene cracker and derivatives project at Lake Charles, Louisiana, USA. Sasol’s decision to move to a feasibility study on the USA project comes after the company completed a pre-feasibility study. […]
MoU for 1 million t/y Paraxylene extension in Yeosu Showa Shell Sekiyu K. K. (Showa Shell) from Japan, GS Caltex from South Korea, and Taiyo Oil from Japan signed a Memorandum of Understanding (MoU) for new Paraxylene (PX) project at GS Caltex Petrochemical complex in Yeosu, South Korea. In the downstream of its refinery, GS […]
